Black Bear Diner Recognized as Third Fastest Growing Full-Service Restaurant Chain in 2017 Technomic Top 500 Report
May 01, 2017 // Franchising.com // REDDING, Calif. - Black Bear Diner, the rapidly expanding family dining concept headquartered in Redding, California, announced today that it was recognized as third fastest growing full-service restaurant chain in the 2017 Technomic Top 500 Report. Technomic, a Winsight company, delivers a 360-degree view of the food industry, and conducts an annual survey of the Top 500 restaurant chains. The third-place growth ranking for Black Bear Diner is for restaurant chains with more than $200 million in sales.
“Though full-service chains continue to lag behind total restaurant industry growth, there are a few brands that have become the exception to the rule,” said Darren Tristano, chief insights officer for Technomic. “Black Bear Diner is an exception by continuing to outpace their competitors, and remains a ‘fastest growing chain’ on Technomic’s watch list. As a regional chain in the family style segment, Black Bear Diner adapts to local consumer preferences and provides the experience their customers are looking for.”
Black Bear Diner experienced increased same-store-sales over the last 24 quarters, and 15.3 percent increase in system wide net sales from 2015 to 2016. Black Bear Diner also saw a 16.2 increase in units from 2015 to 2016. The brand growth is being fueled by a mix of new and existing franchisees in existing markets, as well as corporate stores in newer markets. This year, Black Bear Diner is on track to open up 21 new units, including their 100th restaurant in the second quarter.
“We are proud and humbled by our recognition in the 2017 Technomic Top 500 Report,” said Bruce Dean, chief executive officer of Black Bear Diner. “The recognition is a testament to our commitment to steady and strategic growth. We’re excited to take our growth to higher levels as we move forward with an eastward expansion, and transform from a regional chain to a national concept.”
This is the 14th consecutive year Black Bear Diner has appeared in the annual Technomic Top 500 Report. For more information on the 2017 Technomic Top 500 Report, visit https://www.technomic.com/available-studies/industry-reports/top-500.
About Black Bear Diner
Founded in Mt. Shasta, California in 1995, Black Bear Diner was born from a desire to bring home-style comfort food classics and personal service back to the dining experience. The family dining concept offers a vast menu anchored on hearty portions and excellent value. The franchise has grown to 94 locations in eight western states and is consistently recognized as one of the fastest growing concepts by industry observers. For more information, please visit www.BlackBearDiner.com.
SOURCE Black Bear Diner